Equinix (EQIX) Free Cash Flow (2009 - 2026)

Equinix's (EQIX) quarterly Free Cash Flow came in at -$539.0 million in Q1 2026, down 168.06% year-on-year from $792.0 million in Q1 2025, and down 117.82% quarter-over-quarter from $3.0 billion in Q4 2025.

Equinix (EQIX) Free Cash Flow (2009 - 2026) Analysis & Trends

Equinix's Free Cash Flow history runs 18 years deep, the most recent figure standing at -$539.0 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow fell 168.06% year-over-year to -$539.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 49.22% decrease from a year earlier, with the FY2025 full-year figure at $2.9 billion, changed 0.17% from the prior year.
  • Free Cash Flow fell to -$539.0 million in Q1 2026 per EQIX's latest filing, from $3.0 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $3.0 billion in Q4 2025 and bottomed at -$1.8 billion in Q3 2025.
  • The 5-year median for Free Cash Flow is $672.0 million (2023), against an average of $637.5 million.
  • Across the five-year window, Free Cash Flow jumped 288.63% in 2023 and slumped 277.98% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at $2.0 billion in 2022, then sank by 60.86% to $768.0 million in 2023, then surged by 254.56% to $2.7 billion in 2024, then gained by 11.09% to $3.0 billion in 2025, then sank by 117.82% to -$539.0 million in 2026.
  • Per Business Quant, the three latest EQIX Free Cash Flow figures stand at -$539.0 million (Q1 2026), $3.0 billion (Q4 2025), and -$1.8 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn -539.00 Mn
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 1.29 Bn
3 Digital Realty Trust 61.91 Bn 61.08 Bn - -337.62 Mn
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 36.65 Mn
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 452.00 Mn
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 206.69 Mn
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 29.00 Mn
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 114.25 Mn
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 158.75 Mn
10 Rayonier 6.43 Bn 5.79 Bn 46.45 Mn 30.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -539.00 Mn
Mar 31, 2026 -539.00 Mn
Dec 31, 2025 3.03 Bn
Dec 31, 2025 3.03 Bn
Sep 30, 2025 -1.76 Bn
Sep 30, 2025 -1.76 Bn
Jun 30, 2025 862.00 Mn
Jun 30, 2025 862.00 Mn
Mar 31, 2025 792.00 Mn
Mar 31, 2025 792.00 Mn
Dec 31, 2024 2.72 Bn
Dec 31, 2024 2.72 Bn
Sep 30, 2024 -1.20 Bn
Sep 30, 2024 -1.20 Bn
Jun 30, 2024 804.00 Mn
Jun 30, 2024 804.00 Mn
Mar 31, 2024 581.00 Mn
Mar 31, 2024 581.00 Mn
Dec 31, 2023 768.00 Mn
Dec 31, 2023 768.00 Mn